We have been instructed to sell the attached prime re-based high street asset on Market Street, Manchester.

• 6,605 sq ft store arranged over ground and basement floors.
• Let to the undoubted covenant Schuh Limited with approximately 7 years remaining on the lease.
• Property is located in a 100% prime trading location on the pedestrianised Market Street fronting the Arndale Centre.
• Rent rebased from £415,000 per annum to £390,000 per annum commencing from August 2025.
• Potential for rental growth based on recent evidence set on a directly comparable property.
• Held long leasehold for a term expiring 14th September 2136 at a peppercorn rent.

Our clients are requesting offers in excess of £5,000,000 (Five million) subject to contract and exclusive of VAT which reflects a net initial yield of 7.30%, net of standard purchaser’s costs.